ARM Holdings plc Stock Rating Reaffirmed by Sanford C. Bernstein (ARM)
ARM Holdings plc (LON:ARM)‘s stock had its “market perform” rating restated by equities researchers at Sanford C. Bernstein in a research report issued on Friday. They currently have a GBX 750 ($12.58) price objective on the stock. Sanford C. Bernstein’s target price suggests a potential downside of 16.57% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Galvan Research reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Thursday, August 7th. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Friday, August 1st. They now have a GBX 1,150 ($19.29) price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of ARM Holdings plc to a “buy” rating in a research note on Thursday, July 24th. They now have a GBX 1,150 ($19.29) price target on the stock, up previously from GBX 920 ($15.43). Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 824.14 ($13.83).
Shares of ARM Holdings plc (LON:ARM) opened at 909.00 on Friday. ARM Holdings plc has a 52-week low of GBX 810.9999 and a 52-week high of GBX 1112.00. The stock’s 50-day moving average is GBX 868.8 and its 200-day moving average is GBX 920.9. The company’s market cap is £12.804 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, September 3rd will be given a dividend of GBX 2.52 ($0.04) per share. This represents a yield of 0.29%. The ex-dividend date of this dividend is Wednesday, September 3rd.
ARM Holdings plc (LON:ARM) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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